Ethereum, BTC and other altcoins are still holding to their support levels. This indicates the possibility of a quick rally. There was a 10% price rise over 24 hours, with volumes increasing by 84%. The average gas price will drop to around 0.0015 Ether after the ETH network is transformed from PoW into PoS. Investors are waiting to hear from the US equities and US dollar markets.
At the time this article was written, ETH was trading for $1,160.
Chart for Ethereum (ETH).
ETH rallied by almost 44% from its low of $881, after taking support at $860 (low of 4th January 2021). The bulls failed to push the price higher than $1,275. However, ETH saw a slight correction and fell to $997.
ETH currently tries to get support at the psychological level $1,000. The asset must close and maintain above $1,275 in order to witness a rally.
Disclaimer: This report should not be regarded as investment advice. It does not consider the financial situation, investment goals or needs of investors. When deciding whether an investment is right for them, all investors should take into account these factors and consult with a professional advisor. This report was prepared by the Company using information that it has access to, as well as information from public sources that has not been independently verified. The Company makes no representations or warranties, either express or implied, regarding the accuracy, reliability, correctness, completeness, reliability, or fairness of the information, opinions, or conclusions contained herein. This report is preliminary. The Company does not assume any obligation to revise or update the reports in the event of changes or unforeseen events. Trading and Investments in crypto assets viz. Bitcoin Cash, Ethereum, and Ethereum are highly speculative investments that can be subject to market risk. The Author’s analysis should be used only as information and should not be considered investment advice.
5th-July-2022 ZebPay.
Did you miss our previous article…
https://www.goldcoastmoneyonline.com/13-best-cryptocurrency-exchanges-to-buy-any-cryptocurrency-2022/
